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Mother Ventures is looking at moms as the ‘economic engine’

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As families across the U.S. prepare to celebrate Mother’s Day this Sunday, Allison Stern is looking beyond the single day of appreciation.

Stern just closed $10 million in commitments for her debut early-stage fund, Mother Ventures, which focuses exclusively on the mother as a consumer.

“In the U.S., moms are responsible for 85% of household purchases and have $2.4 trillion in spending power,” Stern (pictured below) told TechCrunch. “The numbers say that moms are the buyers, and they really are a very unique economic engine.”

Stern, a mother of two, is tapping into that spending clout by backing startups that reflect the needs of modern mothers. Since launching Mother Ventures two years ago, she has already deployed $4 million into 13 startups. Her portfolio includes Coral Care, which allows instant booking of pediatric specialists for children with developmental delays, and Tin Can, a popular Wi-Fi-enabled “landline” designed as a retro-style phone for kids.

Before launching her own fund, she co-founded Tubular Labs, a social video analytics startup she helped grow to $25 million in annual recurring revenue prior to its 2023 acquisition by private equity and served as an operating partner at The Chernin Group (TCG), a consumer-focused growth equity firm.

Part of TCG’s investment thesis included backing companies serving ‘overlooked unique audiences with spending power,’ such as Barstool Sports, which originally targeted Boston sports fans, she said.

Image Credits:Mother Ventures

When Stern set out to launch her own fund, she identified mothers as a similarly underserved market with the potential to deliver superior returns. “I felt like motherhood is the ultimate niche that’s not really a niche,” she said,

Stern convinced Tony James, the former president and COO of Blackstone and current board chair of Costco, to back Mother Ventures as an anchor LP. Other backers of the fund include Jessica Rolph, founder of the child development startup Lovevery, as well as female executives from Netflix, Rent the Runway, and Sesame Street, she said.

She argues that Millennial and Gen Z mothers expect a different set of products from on-demand transportation services such as Zum, to ready-meal delivery from DoorDash, and fintech tools like Greenlight that allow parents to instantly fund a child’s debit card.

“We want healthy things. We want subscription things. We want digital communities,” she said.

However, Stern doesn’t want her fund to be perceived as one that invests only in parenting tech. “It’s a consumer fund, and we focus on the mom as the consumer allows us to be wider in our bets,” she said.

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‘2027 election will be decided by Nigerians, not Obasanjo’s views’ – ADC

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The African Democratic Congress (ADC) has said the outcome of the 2027 presidential election will be decided by Nigerians, not by the personal opinion of former President Olusegun Obasanjo.

In a statement issued on Monday by its National Publicity Secretary, Mallam Bolaji Abdullahi, the ADC accused the ruling All Progressives Congress (APC) of focusing on comments made by Obasanjo about the party’s presidential candidate, Atiku Abubakar, instead of responding to growing concerns over the country’s economic situation.

The party said the election would be determined by the daily experiences of Nigerians under the current administration, particularly on issues such as the economy, insecurity and the rising cost of living.

According to the party, the APC turned attention to Obasanjo’s remarks after Catholic Bishops criticised the state of the nation during their recent meeting with President Bola Tinubu.

“The APC has become obsessed with our presidential candidate, Alhaji Atiku Abubakar. Instead of defending its record after the Catholic Bishops spoke about the state of the nation, it has chosen to use former President Olusegun Obasanjo’s comments to divert attention from its performance over the last three years,” Abdullahi said.

The ADC also accused the ruling party of attacking critics rather than addressing the issues they raise.

“Whenever respected Nigerians speak about worsening poverty, insecurity, the rising cost of living or the loss of public confidence, the APC does not answer for its record. Instead, it looks for someone to attack. Yesterday it was the Catholic Bishops, today it is Atiku Abubakar, tomorrow it will be someone else,” the statement said.

On Obasanjo’s remarks, the opposition party said the former president was entitled to his personal views but argued that such opinions could not erase Atiku’s record in government.

“During the administration in which Atiku Abubakar served as Vice President and Chairman of the National Economic Council, Nigeria experienced stronger economic growth, greater investor confidence and a more affordable cost of living than it does under the current administration,” the party said.

The party also challenged the Federal Government to explain why food prices continue to rise despite claims of economic growth, why more Nigerians have fallen into poverty, why unemployment remains high, why government borrowing has increased and why insecurity continues in many parts of the country.

The ADC insisted that these issues, rather than the views of any individual, would shape the choice Nigerians make in the next presidential election.

“The 2027 presidential election will not be determined by the opinion of any individual but by the daily realities of over 200 million Nigerians who, today, are poorer, face greater insecurity and are more uncertain about their future than they were before the Tinubu administration came into office,” the party said.

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Glasgow 2026 Fall-out: Our Contingent Competed With Courage, Honour, Determination – Bukola Olopade

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As reactions continue trailing Nigeria’s seventh-place finish at the 2026 Commonwealth Games in Glasgow, Scotland, Director-General of the National Sports Commission (NSC), Honourable Bukola Olopade, has opined that the contingent ‘competed with courage, honour and determination.’

READ ALSO: Olopade Bids Team Nigeria Farewell After Historic Glasgow 2026 Campaign, Salutes Athletes’ Courage, Excellence and Patriotism

Sports247 reports that, while many critics expressed disappointment that the country could not get victory in blue ribbon events like men’s 100m, women’s 100m hurdles and both 4x100m relays, Olopade insisted it was a successful outing, as Nigeria placed first among all African countries present.

Olopade went on to shower accolades on the entire contingent, praising them all for what he referred to as their impressive performances in Glasgow, with a verdict that they brought another level of national pride to Nigeria with their haul of 10 gold, seven silver and seven bronze medals

He took to social media to formally commend the athletes, coaches and officials for their efforts and commitment, while also asserting that the medals represent more than sporting success.

He reasoned further that, beyond the glory in sports that the 24 medals represent, they also serve as another memorable milestone in the transformation of Nigerian sports under President Bola Ahmed Tinubu’s Renewed Hope Agenda.

Olopade posted on X, “I am immensely proud of every athlete, coach and official who represented Nigeria. You competed with courage, honour and determination; proving once again that the Nigerian spirit can never be broken. Beyond the medals, you inspired millions of Nigerians.

“(You have) restored confidence in our sporting future and showed the world that Nigerian sports are on a steady path of renewal and excellence. Our 24 medals are not just a reflection of talent, but also of discipline, resilience and commitment to fly our nation’s flag with pride.”

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